Updates

Ten Entertainment

March 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Like its rival Hollywood Bowl (see pages 4 to 6), Ten Entertainment is enjoying the re-opening surge with like-for-like sales up 29% between 17 May and 26 December, albeit held back by some larger groups cancelling in December due to Government messaging and constraints in Wales and Scotland (where 13% of outlets are located). In the week beginning 27 December, the previous +30% like-for-like resumed with record sales at Christmas and New Year. Like-for-like volumes grew by c. 24% with the VAT cut boosting sales less than 3% while pricing remained stable. Peel Hunt has upgraded forecasts with new eps of 3.6p in FY’21, rising to 17.5p and then 19.9p in ’22 and ’23. Peel’s price target is 350p. With minimal debt and a fav ...

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T Clarke

Trader Portfolio 2 - March '22

Ten Entertainment (January 2024)

Ten Entertainment - Like-for-like sales accelerate (November 2023)

Ten Entertainment (May 2023)

Ten Entertainment (February 2023)

Ten Entertainment - Offers deep value at FY’23 PE of 6.7 in spite of upgrades (November 2022)

Ten Entertainment - Another ‘beat’ triggers 17% upgrade (September 2022)

TEN Entertainment - Ten-pin bowling group increases openings potential (June 2022)

Ten Entertainment (May 2022)

Ten Entertainment (November 2020)

Ten Entertainment (August 2020)

Ten Entertainment - Bowling operator forecast to grow eps 61% between FY'18 - '21 (November 2019)

Ten Entertainment - Ten pin bowling group hitting new highs (December 2017)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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